23-66-604. Exemption.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-66-604. Exemption. The provisions of § 23-66-606 shall not apply to or affect in any way a broker-dealer licensed by the State of Arkansas when such a broker-dealer is conducting insurance sales activities on premises other than depository institution or an affiliate of a depository institution premises.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-66-604

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

23-66-606. Depository institution or affiliates of a depository institution sales practices.

23-66-606. Depository institution or affiliates of a depository institution sales practices. The following requirements shall apply to insurance sales activities conducted by depository institutions, their employees, affiliates of a depository institution, and unaffiliated third parties conducting the insurance sales activities on behalf of a depository institution or affiliate of a depository institution that involves the use of a depository institution or affiliate of a depository institution brand name or on depository institution or affiliate of a depository institution's premises: (1)Disclosures. (A) The following disclosures are required with respect to the solicitation of insurance products or policies and shall be made in writing, when practicable, in a clear and conspicuous manner prior to the sale: (i) That the insurance product or policy is not insured by the Federal Deposit Insurance Corporation or insured by any other federal government agency; (ii) That the insurance product or policy is not a deposit or obligation of or guaranteed by the lending depository institution or affiliate of a depository institution; and (iii) When appropriate, that certain insurance products involve investment risks, including the possible loss of principal or loss of value. (B)(i) When an application by a customer for a loan or other extension of credit from a depository institution or an affiliate of a depository institution is pending, and insurance is offered or sold to the customer or is required in connection with the loan or extension of credit by the depository institution or affiliate of a depository institution, a written disclosure shall be provided to the customer indicating that the customer's choice of insurer or producer shall not affect the credit dec

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-66-606

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-66-606. This identifies an authority to review, not proof of applicability.